STOCKS | Staff Reporter, Singapore

Daily Markets Briefing: STI up 0.2%

Expect muted gains today.

The Straits Times Index (STI) ended 6.55 or 0.2% higher at 3,230.26.

The top active stocks were DBS, which rose 1.1%, YZJ Shipbldg, which jumped 2.06%, UOB, which went up 0.24%, Singtel, which grew 0.32%, and OCBC Bank, which increased 0.27%.

According to OCBC Investment Research (OIR), US stocks clawed back from early losses to close higher Friday after key negotiators cast a positive glow on trade talks.

All eleven S&P 500 industries ended higher, led by Materials (1.34%) and Financials (1.09%).

“The gains on Wall Street overnight could help lift local sentiment, but we expect the overall sentiment to remain cautious,” OIR said.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.